Today we announced our latest ATM update, raising gross proceeds of £592,679 across SWC and MORE. Whilst our Ordinary Share price has not been as strong as I would like, I think our ATM partner has balanced raising capital at a positive mNAV with maintaining discipline on dilution. I believe that as we continue to demonstrate strong execution, our mNAV will expand. Personally, I also think a current mNAV of 1.29 undervalues what we are building, but continuing to generate capital is also important. Ultimately, it is about striking the right balance between funding our ambitions today and aiming to maximise long-term value for shareholders. We also saw our first MORE Preferred Shares sold at £100. A small start, but encouraging. Building a market takes time, and I am excited about MORE's potential. I believe MORE will play a critical role in the future of Smarter Web, offering a compelling proposition for investors while providing the Company with an attractive way to raise capital and support our growth. Our focus remains on growing our operating businesses and Bitcoin treasury, increasing education and awareness, and driving growth in Bitcoin per share, all with the ultimate objective of delivering stronger total shareholder returns over the medium to long term. LSE: #SWC #MORE | OTCQB: $TSWCF | FRA: $3M8